|Total Value Locked||24H|
|in ETH||39.2K ETH||+7.8%|
|in BTC||977 BTC||+7.8%|
|ETH Locked||14.2K ETH||+38 ETH|
|% Supply Locked||0.01%|
Loopring is a non-custodial order book-based exchange protocol built using zero-knowledge (zk) technology. Released in November 2019, Loopring V3 introduced a zkRollup DEX design utilizing off-chain relayers to allow high-throughput trading with low settlement costs secured by Ethereum. Loopring users deposit their assets on-chain into a zkRollup smart contract and trade off-chain via relayers. Users’ funds are never transferred; instead users submit trades and relayers store the data representing users’ accounts, balances, and trade history off-chain then commit changes on-chain by submitting a valid zk proof to the ZkRollup contract. Users are always able to withdraw their assets with the data available on-chain. Loopring Exchange, a zkRollup DEX built using v3, went live on the Ethereum mainnet in December 2019. Loopring Exchange charges 0% maker order fees and taker order fees between 0.3%-0.10% depending on the trading pair. DEXes pay fees to Loopring Protocol; however, LRC is not associated with protocol fees. Loopring Protocol’s native LRC token is an ERC-20 designed to ensure the economic security of exchanges and align stakeholder incentives. Loopring’s latest audit was conducted by SECBIT in November 2019.